Snowflake stock jumps 5% and holds after hours as CPI cools and earnings loom
Snowflake shares climbed 5.4% to $182.29 in after-hours trading Friday after announcing a partnership with U.S. Figure Skating to expand its AI offerings. The move follows a recent $200 million deal with OpenAI. Investors await Snowflake’s late-February earnings for further signs of customer spending. U.S. inflation data showed CPI up 0.2% in January, with core CPI rising 0.3%.